Merkel: You’re both right!

  • Merkel said to tell lawmakers she backs both Draghi and Weidmann
  • Both men carrying out mandate
  • No contradiction in dual support

Bloomberg headlines as Merkel briefs German MPs.

Place leaks like a damn sieve…

Mr. Market is much more concerned that Draghi has the blessing of the German government as opposed to the German central bank. The ECB spent over EUR 200 bln on bond buying in prior years without the support of the Bundesbank…

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